The European Commission is reportedly preparing a "kind of Marshall Plan" of €200B to...

The European Commission is reportedly preparing a "kind of Marshall Plan" of €200B to stimulate growth in Europe via public and private investment in infrastructure, renewable energies and high technology, according to the Spanish daily El Pais.

Providing additional liquidity is a first step in promoting economic revovery. What the European Commission is repotedly preparing is a straight Keynesian economic stimulus. It's a backing away from former austerity measures, which were never going to work.